WRITE'N SEE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
WRITE'N SEE
Largest movements
- Receivables after one year +€68,401
new in 2025: €68,401
of which Other amounts receivable: +€47,697
- Receivables within one year -€50,517
no longer reported in 2025 (was €50,517)
of which Other amounts receivable: -€39,288
- Tangible fixed assets -€7,667
down €7,667 (-8.1%), from €94,608 to €86,941
of which Other tangible fixed assets: -€4,177
- Cash +€4,159
new in 2025: €4,159
mainly Receivables within one year (+€50,517) and Net result for the year (+€20,058)
- Profit (loss) carried forward +€20,058
up €20,058 (+33.0%), from €60,764 to €80,822
- Trade debts +€11,687
new in 2025: €11,687
- Debts after one year -€10,073
down €10,073 (-61.0%), from €16,508 to €6,435
- Tax, wage and social debts -€4,224
down €4,224 (-39.5%), from €10,697 to €6,473
of which Taxes: -€6,038
- Short-term financial debts -€3,443
no longer reported in 2025 (was €3,443)
- Gross operating margin -€4,928
down €4,928 (-11.5%), from €42,929 to €38,000
- Financial charges -€1,512
down €1,512 (-66.9%), from €2,260 to €748
- Taxes -€1,132
down €1,132 (-13.5%), from €8,378 to €7,246
- Provisions +€1,000
no longer reported in 2025 (was -€1,000)
- Depreciation +€891
up €891 (+9.3%), from €9,587 to €10,478
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,797 | €161,805 | +€14,009 | +9.5% |
| Fixed assets | 21/28 | €94,608 | €86,941 | -€7,667 | -8.1% |
| Tangible fixed assets | 22/27 | €94,608 | €86,941 | -€7,667 | -8.1% |
| Land and buildings | 22 | €16,340 | €15,087 | -€1,254 | -7.7% |
| Plant, machinery and equipment | 23 | €1,748 | €3,560 | +€1,812 | +103.7% |
| Furniture and vehicles | 24 | €16,094 | €12,046 | -€4,048 | -25.2% |
| Other tangible fixed assets | 26 | €60,427 | €56,249 | -€4,177 | -6.9% |
| Current assets | 29/58 | €53,188 | €74,864 | +€21,675 | +40.8% |
| Amounts receivable after more than one year | 29 | - | €68,401 | +€68,401 | |
| Trade receivables | 290 | - | €20,704 | +€20,704 | |
| Other amounts receivable | 291 | - | €47,697 | +€47,697 | |
| Amounts receivable within one year | 40/41 | €50,517 | - | -€50,517 | |
| Trade receivables | 40 | €11,228 | - | -€11,228 | |
| Other amounts receivable | 41 | €39,288 | - | -€39,288 | |
| Cash at bank and in hand | 54/58 | - | €4,159 | +€4,159 | |
| Deferred charges and accrued income | 490/1 | €2,672 | €2,304 | -€368 | -13.8% |
| Total equity and liabilities | 10/49 | €147,797 | €161,805 | +€14,009 | +9.5% |
| Equity | 10/15 | €108,403 | €128,461 | +€20,058 | +18.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,439 | €41,439 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €11,079 | €11,079 | = | 0.0% |
| Distributable reserves | 133 | €28,500 | €30,360 | +€1,860 | +6.5% |
| Profit (loss) carried forward | 14 | €60,764 | €80,822 | +€20,058 | +33.0% |
| Amounts payable | 17/49 | €39,394 | €33,344 | -€6,050 | -15.4% |
| Amounts payable after more than one year | 17 | €16,508 | €6,435 | -€10,073 | -61.0% |
| Financial debts | 170/4 | €16,508 | €6,435 | -€10,073 | -61.0% |
| Amounts payable within one year | 42/48 | €21,779 | €26,909 | +€5,130 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €7,639 | €8,749 | +€1,110 | +14.5% |
| Financial debts | 43 | €3,443 | - | -€3,443 | |
| Other loans | 439 | €3,443 | - | -€3,443 | |
| Trade debts | 44 | - | €11,687 | +€11,687 | |
| Suppliers | 440/4 | - | €11,687 | +€11,687 | |
| Taxes, remuneration and social security | 45 | €10,697 | €6,473 | -€4,224 | -39.5% |
| Taxes | 450/3 | €10,697 | €4,659 | -€6,038 | -56.4% |
| Remuneration and social security | 454/9 | - | €1,814 | +€1,814 | |
| Accrued charges and deferred income | 492/3 | €1,107 | - | -€1,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,587 | €10,478 | +€891 | +9.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,000 | - | +€1,000 | |
| Other operating charges | 640/8 | €1,391 | €1,527 | +€136 | +9.8% |
| Gross operating margin | 9900 | €42,929 | €38,000 | -€4,928 | -11.5% |
| Operating profit (loss) | 9901 | €32,951 | €25,995 | -€6,955 | -21.1% |
| Financial income | 75/76B | €1,375 | €2,057 | +€682 | +49.6% |
| Recurring financial income | 75 | €1,375 | €2,057 | +€682 | +49.6% |
| Financial charges | 65/66B | €2,260 | €748 | -€1,512 | -66.9% |
| Recurring financial charges | 65 | €2,260 | €748 | -€1,512 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | €32,066 | €27,304 | -€4,762 | -14.8% |
| Income taxes | 67/77 | €8,378 | €7,246 | -€1,132 | -13.5% |
| Profit (loss) for the period | 9904 | €23,688 | €20,058 | -€3,630 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,688 | €20,058 | -€3,630 | -15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.